Space Power Systems Market Report 2026

The space power systems market size has grown strongly in recent years. It will grow from $2.63 billion in 2025 to $2.88 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to development of radioisotope thermoelectric generators to power deep space missions, early adoption of radioisotope heater units for thermal regulation in extreme environments, initial research into wireless power transmission for space applications, advancements in fuel cell technology for long-duration spacecraft energy supply, increased demand for backup power systems to support mission-critical satellite operations.

The space power systems market size is expected to see strong growth in the next few years. It will grow to $4.1 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising deployment of high-power satellites requiring advanced energy generation systems, expansion of wireless power transmission technologies for lunar and orbital infrastructure, development of next-generation radioisotope systems with higher efficiency and lower mass, increasing use of modular energy storage and distribution units for flexible spacecraft design, growing investment in sustainable space power solutions supporting long-term human and robotic missions. Major trends in the forecast period include advancements in high-efficiency photovoltaic and solar array technologies, increased adoption of radioisotope thermoelectric generators for deep-space missions, growing demand for energy-dense storage solutions for long-duration missions, rising development of modular and scalable spacecraft power architectures, expansion of commercial spacecraft and satellite deployments requiring reliable onboard power.

The growing number of satellite launches is expected to drive the expansion of the space power systems market. Satellite launches involve deploying satellites into orbit using launch vehicles to support various applications such as communication, Earth observation, navigation, and scientific research. The increase in launches is largely fueled by the need to broaden high-speed internet access globally through mega-constellations like Starlink and OneWeb. Space power systems enable satellite missions by supplying dependable energy sources that support satellite operations, propulsion, and communication once in orbit. For example, in April 2024, the Indian Space Research Organization (ISRO) reported that in 2023, 3,143 space objects were added to orbit due to 212 launches and on-orbit break-up events, showing a notable rise compared to the 2,533 objects from 179 launches in 2022. Therefore, the rising number of satellite launches is driving growth in the space power systems market.

Key companies in the space power systems market are advancing technologies such as polymer electrolyte membrane fuel cells to improve energy efficiency, reduce system weight, and provide reliable power for extended space missions. A polymer electrolyte membrane fuel cell (PEMFC) generates electricity through an electrochemical reaction between hydrogen and oxygen, using a solid polymer membrane as the electrolyte and operating efficiently at low temperatures. For instance, in January 2024, ISRO launched a 100-watt class PEMFC power system aboard the orbital platform POEM3, carried by PSLV-C58. This technology converts hydrogen and oxygen into electricity, water, and heat, offering significant benefits over traditional power sources, including higher energy efficiency and clean operation, with water as the only byproduct, which can be used for onboard consumption or oxygen generation.

In November 2023, Stellant Systems, Inc., a US-based manufacturing company, acquired the Power Systems Technology (PST) product line from Comtech Telecommunications Corp. for an undisclosed amount. Through this acquisition, Stellant Systems aims to enhance and expand its portfolio of radio frequency (RF) amplification products. Comtech Telecommunications Corp. is a publicly traded technology company specializing in power amplification and energy solutions for space and satellite communication systems.

Major companies operating in the space power systems market are Raytheon Technologies Corporation, Boeing Defense, Space And Security, Lockheed Martin Corporation, Airbus Defence and Space, Northrop Grumman Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, Thales Alenia Space, L3Harris Technologies, Inc., Leonardo S.p.A., SpaceX, Blue Origin, Moog Inc., Maxar Technologies Inc., Sierra Nevada Corporation, OHB SE, TERMA, Rocket Lab USA, Inc., Teledyne Energy Systems, AZUR SPACE Solar Power.

North America was the largest region in the space power systems market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space power systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are creating cost pressures in the space power systems market by raising import prices for critical components such as photovoltaic cells, semiconductor-based power units, RTG materials, and advanced battery chemistries. These impacts are most significant across solar power systems and chemical battery segments, with regions heavily dependent on imported components particularly North America and Europe experiencing higher procurement and production costs. Government and commercial satellite manufacturers have seen delays due to disrupted supply chains, though tariffs have also encouraged localized manufacturing, strategic sourcing diversification, and domestic innovation, bringing some long-term benefits to the market.

The space power systems market research report is one of a series of new reports that provides space power systems market statistics, including the space power systems industry global market size, regional shares, competitors with the space power systems market share, detailed space power systems market segments, market trends, and opportunities, and any further data you may need to thrive in the space power systems industry. This space power systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Space power systems encompass the technologies and equipment used to generate, store, manage, and distribute electrical energy for spacecraft, satellites, space stations, and other space missions. These systems ensure that space vehicles and instruments receive reliable and efficient power to function effectively in the challenging conditions of space.

The primary types of space power systems include solar power systems, nuclear power systems, fuel cells, and other varieties. A solar power system converts sunlight into electricity through solar panels, supported by components such as inverters, batteries, and controllers. Various power sources exist, including photovoltaic cells, radioisotope thermoelectric generators, chemical power sources, and more. These systems are employed in applications like satellites, spacecraft, rovers, space stations, and others. Key end-users include commercial, government, and defense sectors.

The countries covered in the space power systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The space power systems market consists of sales of radioisotope thermoelectric generators, radioisotope heater units, wireless power transmission devices, fuel cells and backup power systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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